U.S. Homeowners Are Lingering Longer, and the Wait Is Paying Off

Second-quarter sellers recorded gains averaging $58,000 -- the most since the third quarter of 2007.

July 28, 2018

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Jeremy Hill - Bloomberg

Homeowners in the U.S. are holding on to their houses longer than they have in at least 18 years, and when they do sell, they’re reaping gains that haven’t been seen since before the housing crisis.

Those who sold in the second quarter did so after owning their homes for an average of 8.09 years, the longest stretch since Attom Data Solutions started tracking the statistic in 2000. The wait appears to be paying off: Second-quarter sellers recorded gains averaging $58,000 -- the most since the third quarter of 2007.